Corporate Social Responsibility of Hsbc

Barclays is a British multinational bank and finance services company founded in London. It operates in retail, wholesale and investment banking, wealth management, mortgage lending and credit cards. It is found in over 50 countries and territories and has around 48 million clients around the globe. Its total asset is US$2.42 trillion as of December 2011 and is the seventh-largest of any bank worldwide.

Ping An, founded in 1988, is a private company that sits at the intersection of banking and insurance in China. It has taken advantage of China being the world’s fastest-growing insurance market and reductions of regulatory controls following China’s entry into the WTO in 2001. Ping An has built a highly profitable business and is exploring using the Bancassurance strategy, that is, selling its insurance products via banks in order to quickly and inexpensively develop market share without the need to develop agency relationships in the direct channel. While its largest shareholder is HSBC (16.13%), Ping An’s own foreign investments have been less than successful, with a failed $3.4 billion investment in large European bank Fortis in 2008. The global financial crisis was a major factor influencing this European failure, but the Chinese banking sector generally was largely insulated from the GFC due to its closed structure and no heavy investments in Europe. In 2009, Ping An acquired the Shenzhen Development Bank and is once again considering expanding the company abroad.

Since 1998, Bank of America has become one of the most successful financial institutions in the industry. With the mission to “make financial lives better, through the power of every connection”, Bank of America has operated its business align with its purpose. While assisting its clients understand their money, the company also put on a lot of effort on helping the communities by executing Corporate Social Responsibility (CSR). It is undeniable that the company has successfully addressed many critical problems in the environmental, social and economics arenas, as it continually receive awards and recognitions for its CSR efforts.

Hbc is a shopping solution that offers Canadians superior products, assortments, service and ease of shopping. Supported by 70,000 associates and a retail network that is unparalleled, Hbc’s management team is guided by a single aligned vision. We are “one HBC”.

We appreciate your thoughtful message requesting that Fox Federal Credit Union create a program to reimburse the costs of college expenses such as tuition and books for employees taking college courses.

Finding innovative ways to be more competitive with Predominantly White Universities to recruit and enroll the top students is one of the most vital issues plaguing the entire HBCU community. With the possibility of obtaining larger financial aid packages, many of the students HBCUs have historically recruited and enrolled are going to college somewhere else. Affordability matters, and enrollment struggles have been particularly important at many HBCUs triggering financial difficulties to many, following the enactment of new provisions to the Federal Parent PLUS Loan Program in 2011. (Association of Governing Boards of Universities & Colleges 2014, p. 2)

“In the past, IBM had as many as 1,800 job vacancies that were difficult to fill because applicants did not possess the right skills.” (Wilson) This program allows IBM to mold students into the employees they need for the future, and with the specific skills they receive make the student hirable right out of high school which is certainly a benefit to many who live under impoverished

Canadian Imperial Bank of Commerce or CIBC as most know it, has been operating since 1867. They are a profit corporation that offers public banking and financial services to individuals, small businesses, and also other corporations. CIBC is a Canadian corporation that has branched out and now does business in Europe, Asia, Australia, Latin America, and of course The United States (Wikipedia).

The Hudson’s Bay Company is a global retailer who has been around since 1670, making them the oldest company in North America. HBC is known for their department stores, with more than 480 stores and over 66,000 employees worldwide. In 2016, HBC had $3.3 billion sales in Canada, $6.4 billion in North America, and $4.8 billion sales in Europe. HBC also has a popular e-commerce site which was launched in 2000. In North America and Europe, HBC has 10 banners which are Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, GALERIA Kaufhof, Galeria INNO, and Sportarena. These banners had a digital sales growth of 16.6% in 2016.

JP Morgan Chase & Co. is one of the oldest and largest global financial institutions, with a history that dates back over 200 year and assets worth over $2.4 trillion. (JP Morgan Chase &Co, 2015) JP Morgan is seen as a

In this position, I currently serve the 11th grade students at McAlester High School, and the 10th and 11th grade students at Haileyville High School. This places the number of students I am working with at approximately 275. The objective of the grant is to assist the students in their preparation for college. We are a Partnership Grant. Partnership grants are competitive six-year matching grants that must support an early intervention component, and are designed to increase college attendance success, and raise the expectations of low-income

ICICI bank has established itself as a global player as well with presence across 19 countries all over the world with wholly owned subsidiaries in Canada,Russia and UK

HSBC is one of the Largest Banking and Financial Services organisations in the world, shares in HSBC holdings plc are held by over 220,000 share holders in 121 countries. HSBC provides a comprehensive range of financial services to more than 100 million customers through four customers an global businesses: Personal Financial Services; Commercial banking: Global banking and Markets: private banking.

CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.

The greatest weakness of HSBC Holding PLC is its capacity of not taking full advantage of its brand name. It has long operated through different name like Hong Kong Bank of Canada. Despite providing its services since many years, the organisation did not display itself under only one brand name. As such the brand recognition can be damaged. Its potential customers may think that HSBC is a new entity and not realise that the organisation was well established in the country since long